Role & responsibilities

This role is responsible for managing Capital Expenditure (CapEx) accounting, asset capitalization, CWIP closure, asset verification, insurance accounting, financial controls and related MIS/reporting. The position plays a critical role in ensuring the accuracy and integrity of financial records, timely capitalization of projects, regulatory compliance, effective control over high-value assets and timely management reporting.

The role will be responsible for CapEx investments exceeding 100 Crores and requires close coordination with Project, Procurement, SSC and other cross-functional teams. Key deliverables include annual CapEx budgeting, CEP evaluation, CapEx negotiations, BG validation, CWIP review and closure, asset capitalization within defined timelines, insurance coverage for major projects, post-CapEx evaluation and various management reporting requirements.

Key Responsibilities
- Prepare and monitor the annual CapEx budget.
- Evaluate Capital Expenditure Proposals (CEPs) within defined timelines.
- Monitor CapEx commitments,



negotiations and Bank Guarantee (BG) validation.
- Review and ensure timely CWIP closure and capitalization of assets.
- Monitor and review Mega Risk Insurance and EAR Cum Storage policies for major projects.
- Support post-CapEx evaluation and project financial monitoring.
- Prepare inputs for CFO, CGIC, BGMC and other management reports.
- Ensure compliance with accounting policies, statutory requirements and internal financial controls.
- Conduct/coordinate physical verification of assets and reconciliation of asset records.
- Visit ongoing project sites periodically to monitor project status and financial progress.

Key Challenges

The role involves handling high-value CapEx projects and complex accounting transactions, requiring timely coordination across multiple stakeholders. Major challenges include timely project closure and capitalization, monitoring large CWIP balances, ensuring asset integrity, man

📌 Manager - Asset Management and Capital Expenditure (CapEx) (Visakhapatnam)
🏢 Aniaaz Consulting
📍 Visakhapatnam